Lahore: Pakistan has been elevated to the status of the fourth big power after India, England and Australia in terms of the percentage of revenue to be received from the International Cricket Council (ICC) in the next eight years from broadcasting and other rights on ICC fixtures.

Announcing this in a statement, the Pakistan Cricket Board (PCB) claimed to have made ‘extraordinarily significant gains’ at the ICC annual meeting at Melbourne on Thursday. “After N. Srinivasan’s election as the first ICC Chairman in a landslide, India has officially turned the MOUs signed earlier this year with regard to six rubbers between the two nations, four of these to be hosted by the PCB in the UAE or Pakistan with mutual consent, into binding agreements straightaway. The six tours are now part of the Future Tours Programme and are to be played from 2015 to 2023,” the statement said.

The third major gain for Pakistan is a confirmation from ICC that the country will get the position of the global body’s President for one year with effect from June next year.

Najam Sethi, chairman of PCB said from Melbourne: “The PCB had organised itself and planned to get maximum advantage for Pakistan cricket from an extremely precarious position. We have accomplished all our objectives. And I am positive that in the times to come, Pakistan Cricket shall greatly benefit from what PCB has been able to obtain for it today.”